Ellie Chan: HSI to find support at 20600 ahead of Greek debt talk
HSI dipped 10 pts in sideways on the indirection of Greek debt negotiation, said Ellie Chan, analyst at Shenyin Wanguo Securities (H.K.) Ltd., adding that there are substantial callable bear contracts in the range of 20800-21000 while HSI is projected to find support at 20600. Chan is not worried about the prospect of Hong Kong stocks, saying that short-term trajectory will depend on the progress of Greek debt talk, and clarification of which may lead to a breakout above 21000.
(By an SFC licensed person) (y)
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